ArchrockAROC
Market Cap: $3B
About: Archrock Inc is an energy infrastructure company with focus on midstream natural gas compression and a commitment to helping customers produce, compress and transport natural gas. It has two business segments, Contract Operations, and Aftermarket Services. Under the umbrella of contract operations services, the company provides operations to meet customers' natural gas compression needs. Services include designing, owning, installing, operating, and maintaining equipment. Aftermarket Services business provides a full range of services to support the compression needs of customers that own compression equipment, including operations, maintenance, overhaul and reconfiguration services and sales of parts and components. It generates maximum revenue from the Contract Operations segment.
Employees: 1,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
180% more call options, than puts
Call options by funds: $2.94M | Put options by funds: $1.05M
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
97% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 29
33% more repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 88
10% more funds holding
Funds holding: 273 [Q1] → 301 (+28) [Q2]
3% more capital invested
Capital invested by funds: $2.85B [Q1] → $2.94B (+$84.4M) [Q2]
0.36% less ownership
Funds ownership: 93.35% [Q1] → 92.99% (-0.36%) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
JP Morgan Jeremy Tonet 88% 1-year accuracy 22 / 25 met price target | 25%upside $24 | Overweight Initiated | 6 Sept 2024 |
RBC Capital Elvira Scotto 76% 1-year accuracy 13 / 17 met price target | 15%upside $22 | Outperform Reiterated | 7 Aug 2024 |
Stifel Selman Akyol 65% 1-year accuracy 15 / 23 met price target | 30%upside $25 | Buy Maintained | 24 Jul 2024 |
Financial journalist opinion
Based on 10 articles about AROC published over the past 30 days